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to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesand the peripherals they need. the kind of service that's county of victoria to their -- connect to their base line services. >> thanks bob have a greatweekend. bob pro profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5% half the gain in the s&p 500. but as erika miller reports some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yel
. >> reporter: mike dickinson works for noble energy, which is doubling its production in weld county. this oil field stretches from colorado into wyoming. in 2008, it produced 83,000 barrels of oil, yet this year it is expected to reach nearly ten million barrels. how different is the technology that we're seeing here today versus what you were doing out here a couple of years ago? >> it's unrecognizable today compared to what we were doing just two or three years ago. >> reporter: oil companies used to mainly drill vertical wells, hitting one pool of oil. but now they are rapidly converting to horizontal wells up to a mile long and combining them with fracking operations which split open rocks, releasing oil once considered out of reach. and one drilling rigs can now install multiple wells in one location, making it more cost- efficient. a horizontal well produces seven to ten times more oil than a vertical well. >> today, we're not running any vertical rigs, and we're running eight horizontals. >> reporter: so this really is the future of what you're doing out here. >> it is. >> reporter: th
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